Business, 25.02.2020 04:51 treylartigue

Richard Rosso died owning shares of strata real estate Corp. The actual certificates and other documents relating to strata had been destroyed in a flood, and Richard had thrown all his papers out. His wife, Sandra, said the shares were owned by Richard and her jointly and therefore were not part of his estate. Linda, Richard's daughter from a previous marriage, sued, alleging that the shares had been owned by Richard alone. Under his will, she was entitled to one-sixth of his estate. she argued that even if the shares had been owned jointly and destroyed, Richard's disposal of them destroyed that joint ownership.
Did Richard's disposal of the certificates alter the ownership of the stock?

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Richard Rosso died owning shares of strata real estate Corp. The actual certificates and other docum...

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